BH Global receives in-principle approval for share consolidation
Add BT as a preferred source
MAINBOARD-LISTED BH Global on Wednesday received in-principle approval from Singapore Exchange (SGX) to consolidate every four existing ordinary shares into one ordinary share.
This means the marine products firm will be able to comply with the S$0.20 minimum trading price rule, which is a continuing listing requirement of all SGX mainboard-listed securities.
The listing and quotation of up to 120 million consolidated shares have been approved.
This is subject to shareholders' approval at an upcoming extraordinary general meeting.
Share with us your feedback on BT's products and services
TRENDING NOW
Singtel Q1 gain drops 71% to S$818 million in absence of Airtel stake sale; weaker Singapore business
Sembcorp raises interim dividend despite 72% H1 profit slide to S$150 million on Alinta deal costs
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
CDL H1 profit jumps three times to S$301 million on strong condo sales, doubles interim dividend
